Coinbase warns US risks lagging behind over failure to regulate crypto. But what regulations that Coinbase wants from the government?
Why regulate crypto?
The idea of regulations is to make the crypto market a fair free market for safety anticipations for all users.
The Crypto market is the so fat ideal market in the human history
The crypto market has no third party and it operates nearly decentralized. It opens to all people who equally anticipate and not one may manipulate the market at all.
Crypto whales
Whales influence the market but they do not manipulate the market entirely. They can make market trends change the direction with their limited power but the market still functions as unbiased.
Crypto scammers
There are scammers in the market that trick people into and take their money away. Regulations can use to prevent such events happen.
Regulate crypto is unnecessary
It is difficult to regulate crypto. If you regulate too harshly, it prevents crypto growth. If you regulate too little, there is no need for regulations.
The regulation should focus to prevent scammers
If there are truly regulations from the government, they should protect users and punish scammers.
There will have no ideal regulations
All ideas above may not be close to coming true. Regulations are misused as a tool to prevent competition and suppress financial freedom after all.
Crypto will exist with or without regulations
Despite regulations, crypto will continue evolving and working to become a better solution to the money system.
In conclusion
Regulations are unnecessary unless they can protect users. However, they may use to suppress the growth of the crypto market and push competition away.
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Disclosure: The article was written by a delusional author who is possibly a nut job without any questions whatsoever about expertise in the subject matters. You should not believe any words this author wrote or you may experience similar symptoms or even possibly become a nut job.
